Reverse Mortgages

Witnesses testified about Home Equity Conversion Mortgages, or reverse mortgages, which allow seniors to remain in their homes while…
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Witnesses testified about Home Equity Conversion Mortgages, or reverse mortgages, which allow seniors to remain in their homes while receiving loans based on the equity of the property. Among the issues they discussed were advantages and disadvantages of the mortgages and to keep the program sustainable amid Federal Housing Authority fund issues. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.